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Oct 10, 2012
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the reason he's going to win is this was the most-watched debate since 1980 when ronald reagan ran against carter and there was only one debate that year. >> fox news is pulling out all the stops. to make it look like the race has swung in favor of mitt romney. check out the electoral prediction map fox trotted out today. look at the red states. they gave mitt romney solid democratic states like new mexico and pennsylvania. really? polls should be a snapshot of the current state of the race and there's no doubt mitt romney is benefitting from his debate performance last week. but over "the new york times," the forecast shows president obama still holds a 70% chance of winning the election. the percentage is back in line with the state of the race before the political conventions. president obama made some gains after the dnc. so the race is back to where it was in august. eight years ago today, cnn poll after the first presidential poll put john kerry on top of george bush by one percentage point, 49-48. the race is close. this should surprise no one in america. every vote is going to coun
the reason he's going to win is this was the most-watched debate since 1980 when ronald reagan ran against carter and there was only one debate that year. >> fox news is pulling out all the stops. to make it look like the race has swung in favor of mitt romney. check out the electoral prediction map fox trotted out today. look at the red states. they gave mitt romney solid democratic states like new mexico and pennsylvania. really? polls should be a snapshot of the current state of the...
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Oct 13, 2012
10/12
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FOXNEWSW
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ronald reagan's. with the limits that you are in a government where we are now looking at very few paying the freight for it we have to do something about that. >> i think we do. but let me tell you. powers at be are not in washington. as long as you are there, powers that be are in washington. >> i have you on the phone. >> enough said i got you on the phone. we talk about a simplified tax code and i think it is the way to go. >> i think that is what paul ryan should have said to joe biden. he voted for 50 to 28%. and the democrats led the fight over the years and kerry brown he wanted 100 percent to pay income tax at the exact same rate and came in second in the primary in 1992 in the democratic party. everyone knows you should have a low rate flat tax for economic growth and/or fairness. it is the right way to go. >> i'm sorry. but everyone having skin in the game. >> exactly. >> they are not looking at the poorest among us. but if you have a stake in the game you are interested in the game and you
ronald reagan's. with the limits that you are in a government where we are now looking at very few paying the freight for it we have to do something about that. >> i think we do. but let me tell you. powers at be are not in washington. as long as you are there, powers that be are in washington. >> i have you on the phone. >> enough said i got you on the phone. we talk about a simplified tax code and i think it is the way to go. >> i think that is what paul ryan should...
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Oct 14, 2012
10/12
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KGO
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>> reporter: when president ronald reagan uttered that one line. president obama hopes that one exception is the only one. >> that debate. what happened? >> coverager romney had a good night. i had a bad night. >> how bad? >> it's not the first time i had a bad night. what is important is the fundamental of what this race is about haven't changed. >> karl rove wrote that the first debate will be seen as the decision point in this election. do we make too big a deal out of debates? or does mr. rove have a point? >> we make too big a deal in that it's hard to argue that debates test or reveal aptitudes that are pertinent to the performance of presidential duties. debates are now semiconstitutional events. you cannot become president without participating. clearly, in close elections, '60, '76, 2000, it's plausible to say they caused enough change to be the margin of difference. with regard to this year's, it's too soon to say whether the surge mitt romney got from his debate performance is enough or not. if it is durable, it will be because what happ
>> reporter: when president ronald reagan uttered that one line. president obama hopes that one exception is the only one. >> that debate. what happened? >> coverager romney had a good night. i had a bad night. >> how bad? >> it's not the first time i had a bad night. what is important is the fundamental of what this race is about haven't changed. >> karl rove wrote that the first debate will be seen as the decision point in this election. do we make too big...
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Oct 14, 2012
10/12
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WMAR
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in 1980, ronald reagan said, there you go again, people said, he's not a madman at all. perfectly nice fellow. in 1988, when michael dukakis was asked about capital punishment and his wife, people said he's cold, he's a te technocrat. in 1992, president bush looked at his watch. and then, donna, there were the sighs or the part of al gore. people said, he's a bit of a stuffed shirt. >> in terms of the importance of "saturday night live" gore aides made gore watch the representations of his debate to show him how he was perceived. do we make too big a deal of those things? the sigh, the smiles? >> you're focused on the substance. here are the policy positions. what your opponent is saying. you get there, it's stage craft and you're like, the eyes and the movement of the hands. >> and the split screens. >> the split screens. i'm sure the president will be advised to look up, smile, and don't roll his eye, just stay foe wcused on candy crowley, as person. george mentioned, i was looking at the numbers. '84, reagan botched the first one. he said he was over trained, overprep
in 1980, ronald reagan said, there you go again, people said, he's not a madman at all. perfectly nice fellow. in 1988, when michael dukakis was asked about capital punishment and his wife, people said he's cold, he's a te technocrat. in 1992, president bush looked at his watch. and then, donna, there were the sighs or the part of al gore. people said, he's a bit of a stuffed shirt. >> in terms of the importance of "saturday night live" gore aides made gore watch the...
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Oct 12, 2012
10/12
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. >> i was there when ronald reagan -- >> 800 million billion -- >> i've been to afghanistan 20 times. >> i was there, man, million billion, it's the cripplingest of crippling sanctions, like, ever, man. that's where i would go. >> what touted me was the loving way paul was staring at joe while he was talking. made me think about what might he have been thinking when he's staring at paul with this loving gaze? i wondered maybe he might say tell me more about how you used to get legislation passed in the continental congress. >> nice. >> very grandfatherly. >> i'm not a funny person. my thought was -- >> oh, stop it. >> you're not intentionally funny. >> thank you. >> yes, you are. >> do the exact opposite. how about biden is presented as a calm, placid figure. >> yes. >> precisely worded sentences and -- that's all i got. >> and ryan comes out in his outfit from "time" magazine, his weight lifting magazine pumping iron. >> oh, man. the ha the hat backwards. >> that would be awesome. >> whatever happens it's going to be amazing. >> great ideas. >> i'm sure they have ideas of their own.
. >> i was there when ronald reagan -- >> 800 million billion -- >> i've been to afghanistan 20 times. >> i was there, man, million billion, it's the cripplingest of crippling sanctions, like, ever, man. that's where i would go. >> what touted me was the loving way paul was staring at joe while he was talking. made me think about what might he have been thinking when he's staring at paul with this loving gaze? i wondered maybe he might say tell me more about how...
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Oct 13, 2012
10/12
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CNN
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. >> ronald reagan. >> now you're jack kennedy. >> ronald reagan. >> twitter was atwitter about that. that comment got a noticeable reaction from the group of undecided voters i watched during the debate last night. see it blown up there in the bottom of the screen. here is the problem, both kennedy and reagan working in a different time and place. to start, when both kennedy and reagan took office, individual tax rates not even in the ballpark of what we have now. kennedy's plan, enacted after his death, took the top marginal tax rate from 91% to 71% over a two-year period. lots of loopholes, but the growth argument, gdp rose by barely a percent during that time. isn't much when the economy was growing at a rate like china's, but the u.s. was at the time. they got a boost, but not much of one. ronald reagan's first big tax cut went into effect, and the economy did surge. economic growth went from 4.9% to north of 8%. year three, not so impressive. look at quarters, there were some drops. for perspective, today, the top marge call tax rate is 30%, not like are you at 70 or 90. can a r
. >> ronald reagan. >> now you're jack kennedy. >> ronald reagan. >> twitter was atwitter about that. that comment got a noticeable reaction from the group of undecided voters i watched during the debate last night. see it blown up there in the bottom of the screen. here is the problem, both kennedy and reagan working in a different time and place. to start, when both kennedy and reagan took office, individual tax rates not even in the ballpark of what we have now....
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Oct 14, 2012
10/12
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CNN
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. >> i guess ronald reagan. i mean, i'll be an ingrate if i didn't say ronald reagan. >> what made him special, do you think? >> he had a way of -- he was the great communicator. he had a real way of making important and complex ideas comprehensible to the people. >> did he -- did he give you any advice? >> no. >> did he make any requests? >> no. >> did he say anything? >> no. >> would you tell me if he had? >> he almost got my name right. when we went out to the press room in the white house and one of reagan's aides says to me, "well, we think -- we think he'll get scalia right. but we don't know about antonin." sure enough, i think he messed up actually. >> you were the first italian -- >> i was. >> italian american. the first italian to ever get to the supreme court. [ applause ] >> yeah. it was a big deal for me. i got an enormous amount of mail afterwards. >> did you ever have to pay for a bowl of spaghetti bolognese in new york? >> i have a lot of italian friends. >> when i put questions out on twitter, o
. >> i guess ronald reagan. i mean, i'll be an ingrate if i didn't say ronald reagan. >> what made him special, do you think? >> he had a way of -- he was the great communicator. he had a real way of making important and complex ideas comprehensible to the people. >> did he -- did he give you any advice? >> no. >> did he make any requests? >> no. >> did he say anything? >> no. >> would you tell me if he had? >> he almost got my...
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Oct 8, 2012
10/12
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WBAL
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when ronald reagan came into office and looked at social security. he appointed a bipartisan commission and they studied it for two years. and in 1983, they moved forward to pass legislation to reform social security. so those are the kind of things that you can do. i've seen it when i was governor. when we brought democrats and republicans together, we did the infrastructure. we made the commitment to rebuild california. we did a lot of progress in reducing the greenhouse gases and making a commitment to 33% of renewables in the year 2020. and stem cell research. on and on. and as soon as in 2005 when i thought i could go off by myself, and it's my way or the highway, just like the republican party, we're going to grind it out, it failed miserably. so i learned first hand is that the only action is when both parties come together. >> former governor of california. you understand the demographic shifts in the country very well. the latino population not just in california but throughout the southwest, throughout the midwest and the rest of the countr
when ronald reagan came into office and looked at social security. he appointed a bipartisan commission and they studied it for two years. and in 1983, they moved forward to pass legislation to reform social security. so those are the kind of things that you can do. i've seen it when i was governor. when we brought democrats and republicans together, we did the infrastructure. we made the commitment to rebuild california. we did a lot of progress in reducing the greenhouse gases and making a...
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Oct 14, 2012
10/12
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ronald reagan proposed sweeping tax rate reduction and the result revenues up 99%. biden: we made sure we cut taxes for the middle-class. gerri: not even close to trooper release seven taxes from obamacare ball directly on the middle class. the tax for not having health care insurance. obamacare taxed the ma in the name of flexible spending account in those to deduct from taxes. i could go on and on. joe biden scored big points claiming hedgefunds would benefit. biden: 90% of small business america make less than $250,000. others are hedge funds making $600 billion per year that counts as the small business. gerri: hedge fund? the irs says they fall within the household of the top two brackets that the administration wants to raise taxes. and more than half of americans. vice president wants to raise taxes on small business. paul ryan does not. beau biden says the plan worked anybody knows the numbers knows it is not true. the federal deficit on track to hit $1 trillion for the fourth year in a row. the administration does not have a lot of bragging rights. 15% on f
ronald reagan proposed sweeping tax rate reduction and the result revenues up 99%. biden: we made sure we cut taxes for the middle-class. gerri: not even close to trooper release seven taxes from obamacare ball directly on the middle class. the tax for not having health care insurance. obamacare taxed the ma in the name of flexible spending account in those to deduct from taxes. i could go on and on. joe biden scored big points claiming hedgefunds would benefit. biden: 90% of small business...
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Oct 13, 2012
10/12
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. >> look at what mitt romney--look at what ronald reagan and tip o'neill did. >> michael: i mean, as my friend cenk uygur would say, of course! the reagan defense. they've relyied on drawing a comparison to ronald reagan as well as one other president. >> it's been done before. >> it's never been done before. >> jack kennedy lowered tax-- >> now you're jack kennedy. >> if jack kennedy only knew how much he would come up in vice presidential debates i think paul ryan knew where that was going. i'm joined by erol lewis and thomas frank, thank you for sticking around and talking to us. you know in looking back at this it really taxes the way that they come up in these debates. the thing they're not talking about are mitt romney's taxes. the idea that they can look back and talk about taxes and ryan still getting caught with these lies and then the next day saying that's exactly what we meant to say. how does this work, errol. >> a promise has been made. a big broad promise has been made to splash taxes. it's estimated by a reasonable objective source that this could cost treasury 5 tril
. >> look at what mitt romney--look at what ronald reagan and tip o'neill did. >> michael: i mean, as my friend cenk uygur would say, of course! the reagan defense. they've relyied on drawing a comparison to ronald reagan as well as one other president. >> it's been done before. >> it's never been done before. >> jack kennedy lowered tax-- >> now you're jack kennedy. >> if jack kennedy only knew how much he would come up in vice presidential debates i...
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Oct 13, 2012
10/12
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. >> ronald reagan -- >> now you're jack kennedy? >> ronald reagan -- >> "now's" terri o'neal on the romney ticket's disaster for women. >> if the romney/ryan ticket is elected, should those who believe abortion should remain legal be worried? >> david cay johnston on ryan's sixth study lie. >> can you guarantee this math will add up? >> absolutely. six studies have guaranteed. >> and what's more disrespectful? lying to america or interrupting a guy who's lying to america? >> it was openly contemptuous and disrespectful. >> karen finney on the right wing freak-out over joe biden's knockout performance. >> ever felt that way where you just want to deck somebody? >> an obnoxious drunk. i think somewhere during the debate he took ritalin. >>> good to have you with us tonight, folks. thanks for watching. what did we see? we witnessed a schooling on the issues by vice president joe biden last night. it really was the shot in the arm the democrats and the progressives were hoping for. after watching mitt romney get away with lie after lie
. >> ronald reagan -- >> now you're jack kennedy? >> ronald reagan -- >> "now's" terri o'neal on the romney ticket's disaster for women. >> if the romney/ryan ticket is elected, should those who believe abortion should remain legal be worried? >> david cay johnston on ryan's sixth study lie. >> can you guarantee this math will add up? >> absolutely. six studies have guaranteed. >> and what's more disrespectful? lying to america or...
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Oct 11, 2012
10/12
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CNBC
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i mean, we're all thinking back to the days of ronald reagan and tip o'neill who were about as far apart politically as you could get, but they were able to come together and find common ground on some of the thorny issues that existed economically in the 1980s. that's not happening today because so many of the politicians view these issues as defining who they are personally. they take it personally, and that's a problem right now. don't you think? >> yeah, i think so. i also think that we're at a very different moment. when we talk about the kind of spending back then, we were arguing a lot about defense spending under ronald reagan. >> absolutely. >> we really needed to be arguing more about entitlement spending, which never got taken care of. now we have this huge, huge problem where people expect so much. they've been promised things. that's what makes it extremely difficult. >> let's face it. the stakes are much, much higher now. the zeros we're talking about -- >> are huge. >> have a "t" in front of them. we're talking trillions of dollars on an annual basis right now. by the way,
i mean, we're all thinking back to the days of ronald reagan and tip o'neill who were about as far apart politically as you could get, but they were able to come together and find common ground on some of the thorny issues that existed economically in the 1980s. that's not happening today because so many of the politicians view these issues as defining who they are personally. they take it personally, and that's a problem right now. don't you think? >> yeah, i think so. i also think that...
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Oct 10, 2012
10/12
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CNBC
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reagan some advice. it was consistent taxes, consistent regulatory, tell the same positive story over and over and over, and it will turn. and you've got to believe in it. so, you know, america usually will do the right thing after it's exhausted all the possibilities, i hope we do. the important part to me also is in washington, okay. if you think the washington and business can go to war with each other is going to be good, terrible error. collaborations which should've happened. every business i know wanted to help get things done, you know, and would've pulled together, worked around the clock. but it became a war. and now we're relit indicating parts of those wars. dodd/frank and health care. so we're going to relitigate it. it's another addition to the wet blanket and the benefit is get it right, get it right the first time and move on. but we didn't. >> let's transition to that. to the extent there has been a market absence in collaboration or significant friction between the worlds of politics an
reagan some advice. it was consistent taxes, consistent regulatory, tell the same positive story over and over and over, and it will turn. and you've got to believe in it. so, you know, america usually will do the right thing after it's exhausted all the possibilities, i hope we do. the important part to me also is in washington, okay. if you think the washington and business can go to war with each other is going to be good, terrible error. collaborations which should've happened. every...
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when ronald reagan came into office and looked at social security. he appointed a bipartisan commission and they studied it for two years. and in 1983, they moved forward to pass legislation to reform social security. so those are the kind of things that you can do. i've seen it when i was governor. when we brought democrats and republicans together, we did the infrastructure. we made the commitment to rebuild california. we did a lot of progress in reducing the greenhouse gases and making a commitment to 33% of renewables in the year 2020. and stem cell research. on and on. and as soon as in 2005 when i thought i could go off by myself, and it's my way or the highway, just like the republican party, we're going to grind it out, it failed miserably. so i learned first hand is that the only action is when both parties come together. >> former governor of california. you understand the demographic shifts in the country very well. the latino population not just in california but throughout the southwest, throughout the midwest and the rest of the countr
when ronald reagan came into office and looked at social security. he appointed a bipartisan commission and they studied it for two years. and in 1983, they moved forward to pass legislation to reform social security. so those are the kind of things that you can do. i've seen it when i was governor. when we brought democrats and republicans together, we did the infrastructure. we made the commitment to rebuild california. we did a lot of progress in reducing the greenhouse gases and making a...
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Oct 7, 2012
10/12
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WMAR
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ronald reagan signed on to one of the largest -- one of the largest tax increases -- >> that was a tax -- >> that's why -- >> kept it from exploding. >> worked out -- >> you have to have some notion of what you want to do. >> the issue here is that, you know, romney has not put any of the details out. that is true. he's thrown some ideas. he said he's going to balance the budget in seven to ten years while doing tax reform, while increasing defense spending, not touching medicare, i mean there's a lot of things that don't add up but because romney has not given the details doesn't give the president the right to make them up for him. he is not going to have a $5 trillion net tax cut. >> absolutely good at details -- >> that's not his plan. >> but i think to say there's a $5 trillion tax cut to be offset by mystery meat. you know, that's a correct statement. >> or -- >> there's a $5 trillion tax cut, well, we don't know what it is he's going to do but what he proposed is a $5 trillion tax cut plus he says, trust me, i'll do something different. >> what can be more legitimate in saying y
ronald reagan signed on to one of the largest -- one of the largest tax increases -- >> that was a tax -- >> that's why -- >> kept it from exploding. >> worked out -- >> you have to have some notion of what you want to do. >> the issue here is that, you know, romney has not put any of the details out. that is true. he's thrown some ideas. he said he's going to balance the budget in seven to ten years while doing tax reform, while increasing defense spending,...
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Oct 12, 2012
10/12
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>> i think he might, he might take cues in a since of knowing how ronald reagan approached the debate to maintain a friendly disposition to be alert to the questions, and respond appropriately. and also to be very polite, and to be the gentlemen he always was. neil: ed, i am wondering, as a former attorney general, now, a lot of legal questions raised about the benghazi blow up, what the administration knew, many are demanding to see cables from ambassador stephens that they think shows he was concerned about his safety, that it could blow up, and legally it should be investigated, and warrant the hiring of a special prosecutor. do you think it blows up to be that big of an issue, and do you think it will come up in this debate. >> it may come up, i think that the administration is in a very tough position, they have two answers, which were not good, one is they were incompetent the other, they were lying. neil: true to your word, keeping it straight and simple like your old boss. if it takes away from this administration. you heard from time again from vice president that osama bin l
>> i think he might, he might take cues in a since of knowing how ronald reagan approached the debate to maintain a friendly disposition to be alert to the questions, and respond appropriately. and also to be very polite, and to be the gentlemen he always was. neil: ed, i am wondering, as a former attorney general, now, a lot of legal questions raised about the benghazi blow up, what the administration knew, many are demanding to see cables from ambassador stephens that they think shows...
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Oct 11, 2012
10/12
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CNBC
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we keep hearing about the relationship between ronald reagan and tip o'neill and their willingness to compromise, even though they were about as far apart politically as you could get. >> bill, i agree with what you said and what rick said about that. i think it's wrong to say they're honest and they're the way they are because they're not in office anymore. i think what's more correct is they both come from an era where you fought, and you fought hard. but once the vote was taken, you know, they were kind of done. it wasn't really a scorched-earth policy. i grew up in a household where there were many politicians held in high esteem. they were guys like jacob javitz who were held in high esteem. >> reread "alexander hamilton." there's never been civility in politics. >> that comes and goes. that's a cyclical situation. we had a civil war. that was the most contentious period in the history of our country. >> that doesn't make it right. >> i'd like to bring up one additional point. two other things were brought up that we haven't really talked about. one was, and i don't know who said
we keep hearing about the relationship between ronald reagan and tip o'neill and their willingness to compromise, even though they were about as far apart politically as you could get. >> bill, i agree with what you said and what rick said about that. i think it's wrong to say they're honest and they're the way they are because they're not in office anymore. i think what's more correct is they both come from an era where you fought, and you fought hard. but once the vote was taken, you...
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Oct 14, 2012
10/12
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CNNW
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. >> i guess ronald reagan. >> what made him special, do you think? >> he had way of -- he was the great communicator. he had a real way of making important and complex ideas comp henceable to the people. did he give you an advice when he put you forward? >> no. >> did he make any requests? >> no. >> did he say anything? >> no. >> would you tell me if he had? >> he almost got my name right. when we went out, to the press room in the white house, and one of reagans aides said to me, well, we think, we think he will get scalia right, but we don't know about antonin, and sure enough i think he messed it up. >> you were the first italian to ever get to the supreme court. >> yeah. yeah. it was a big deal for the italians. i got an enormous amount of mail. >> do you have to pay for spaghetti in new york? >> i have a lot of italian friends. >> what i put questions out on twitter. of all the serious ones, one popped out which was what is his favorite pasta dish? >> my favorite pasta dish -- >> your wife does an amazing macaroni. >> she does, she has really le
. >> i guess ronald reagan. >> what made him special, do you think? >> he had way of -- he was the great communicator. he had a real way of making important and complex ideas comp henceable to the people. did he give you an advice when he put you forward? >> no. >> did he make any requests? >> no. >> did he say anything? >> no. >> would you tell me if he had? >> he almost got my name right. when we went out, to the press room in the...
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Oct 12, 2012
10/12
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KBCW
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. >> right-hand lane reagan. >> ronald reagan. >> go to my website, he sent me two letters saying, by the way, can you send me some stimulation money for companies here in wisconsin? we sent millions of dollars. >> he did ask for stimulous money. >> on two occasions, we advocated for constituents advocating for grants. >> i love that. this is such a bad program and he writes me a letter saying, the reason we need this stimulous, it will create growth and jobs. his words. >> i want to move on here to medicare and entitlements. i think we have gone over this quite enough. >> by the way, any letter you send me, i'll entertain. >> the night would not be complete without a bidennism. >> that's a bunch of malarkey. not a single thing you said is accurate. >> the is a bunch of stuff. here's the deal. >> what does that mean? >> it is simply inaccurate. >> it's irish. >> we call it malarkey. >> we have a whole lot of words there. joining me is joe. >> the king of malarkey. we talked about the awards and body language and show some of what we were seeing tonight and a lot of smiles from the vic
. >> right-hand lane reagan. >> ronald reagan. >> go to my website, he sent me two letters saying, by the way, can you send me some stimulation money for companies here in wisconsin? we sent millions of dollars. >> he did ask for stimulous money. >> on two occasions, we advocated for constituents advocating for grants. >> i love that. this is such a bad program and he writes me a letter saying, the reason we need this stimulous, it will create growth and...
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Oct 12, 2012
10/12
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military, ronald reagan and the a-bomb. >> right. >> more than i would the eu and the bureaucrats in brussels. >> we bail them out. we protectioned them all those years and reagan's the guy that ended communism, but the head of the peace prize committee is blaming the united states for the european economic crisis. i read "the new york times" story incredulously. he said the demise of lehman brothers is the responsibility of the european crisis, not their overspending and not their overtaxes and not their excess government and not their excess entitlements, jimmy. it's all because of lehman brothers. >> listen. you have countries that are following every wrong thing to do to run a good economy and even what they're doing now, they're raising taxes. this is like a death wish and a suicide attempt by europe and not america's fault. >> i want to ask you which is worse? the peace prize to president obama in 2009 or giving the peace prize to the european union, which is worse? >> as a gambler would say that is a pick 'em situation. >> you chicken. jimmy p. gets the best of the best. up ne
military, ronald reagan and the a-bomb. >> right. >> more than i would the eu and the bureaucrats in brussels. >> we bail them out. we protectioned them all those years and reagan's the guy that ended communism, but the head of the peace prize committee is blaming the united states for the european economic crisis. i read "the new york times" story incredulously. he said the demise of lehman brothers is the responsibility of the european crisis, not their...
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Oct 10, 2012
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. >> you know what tax revenue did under ronald reagan? it went up 100% even though they cut taxes dramatically. tax revenue doubled in eight years. don't forget, you can catch the vice presidential debate tomorrow night here on cnbc beginning at 7:00 p.m. eastern time. >> let's go to jackie deangelis with this market flash. >> good afternoon, guys. taking a look at shares of walmart. of course, it hit record highs earlier in the session. coming off just a little bit. despite the fact that earlier the cfo reiterated fiscal 2013 sales guidance, maybe investors were looking for him to boost that up. he did reduce cap ex spending for 2013. the new reach, 12 to $13 billion. that could have something to do with it as well. the stock still higher on the day. just a little bit of a selloff. bill. >> i think those costco numbers helped the retailers today as well. a lot of the big box retailers doing well today. we're headi ining toward the cl. about 25 minutes left. we're hovering near the lows of the session with the dow down more than 130 point
. >> you know what tax revenue did under ronald reagan? it went up 100% even though they cut taxes dramatically. tax revenue doubled in eight years. don't forget, you can catch the vice presidential debate tomorrow night here on cnbc beginning at 7:00 p.m. eastern time. >> let's go to jackie deangelis with this market flash. >> good afternoon, guys. taking a look at shares of walmart. of course, it hit record highs earlier in the session. coming off just a little bit. despite...
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Oct 7, 2012
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think john kennedy of 1960, think ronald reagan in 1980. it's possibly that big because the president seemed to be on a glide path towards re-election and all of a sudden here comes the raging bull, mitt romney, out of the dark and they run for the safety exits instead of counterpunches and getting him hard. what happened to barack obama? i'm not certain. i don't know. but i know this, if he comes to the next two debates with the same demeanor and passive resistance, he's losing. >> you called it one of the worst performances of the time? >> one of the most inept performances by an incumbent president i've ever seen. i'm mystified. we do know these things about barack obama. we know he doesn't like to confront people. we know that -- chris: he doesn't like to fight with hillary clinton. >> he doesn't like to. he's really worried about appearing angry in public and that really isn't his natural demeanor but that was unilateral disarmament and was stunning. when mitt romney gives you an opening to talk about romney's accountant and doesn't sa
think john kennedy of 1960, think ronald reagan in 1980. it's possibly that big because the president seemed to be on a glide path towards re-election and all of a sudden here comes the raging bull, mitt romney, out of the dark and they run for the safety exits instead of counterpunches and getting him hard. what happened to barack obama? i'm not certain. i don't know. but i know this, if he comes to the next two debates with the same demeanor and passive resistance, he's losing. >> you...
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reagan had worked together when he has spent the last year sucking up to the tea party is something that the president should have -- >> here is robert gibbs defending the president on "meet the press." gibbs tried to tackle romney's debate flip-flops. i think he did it here. let's watch. >> it's not rocket science to believe that the president was disappointed in the expectations that he has for himself. but, look, i think part of that was because, as i said earlier, we met a new mitt romney. we met a mitt romney that wanted to walk away from the central theory of his economic plan which is his tax cut. i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, pe
reagan had worked together when he has spent the last year sucking up to the tea party is something that the president should have -- >> here is robert gibbs defending the president on "meet the press." gibbs tried to tackle romney's debate flip-flops. i think he did it here. let's watch. >> it's not rocket science to believe that the president was disappointed in the expectations that he has for himself. but, look, i think part of that was because, as i said earlier, we...
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nixon was better in the second, gerald ford came back, ronald reagan came back after the disaster. and one assumes that president obama is doing the homework to make sure it happens. >> so johnathan, giving what larry describes here, does this mean the president has to come back and do just a solid debate performance or does he have to blow the socks off this one? >> just a solid performance. you know, he does have a lead, he lost, at most, two points. one to two points out of this last week, so he is going to be going in at this next debate, unless something else happens, which is not likely. you know, with a four-point lead, possibly. so if he can just deliver a solid performance, he will be fine. the danger for him is over compensating. so they talked about al gore, when he was sighing, and demeanor was not good, gore over-compensated again in the third debate, so that is something that people who have had a poor debate performance have to worry about. >> larry, i want to ask you about this very quickly, the next debate style will be town hall. we talked about how the president
nixon was better in the second, gerald ford came back, ronald reagan came back after the disaster. and one assumes that president obama is doing the homework to make sure it happens. >> so johnathan, giving what larry describes here, does this mean the president has to come back and do just a solid debate performance or does he have to blow the socks off this one? >> just a solid performance. you know, he does have a lead, he lost, at most, two points. one to two points out of this...